- summary:
- Bitcoin, Ethereum, and Solana struck the key levels. Will BTC get $ 80,000, or is the downside more? Market expectations, support and resistance.
The cryptocurrency market suffers from a sharp sale, as the total ceiling of the encryption market decreased about $ 2.79 trillion, which represents a decrease of 2.9 % in only 24 hours. Bitcoin (BTC), ETHEREUM (ETH) and Solana (SOL) are very pressure as traders are scrambling to assess whether this decline is the opportunity to buy or a warning mark from the downside. The motivation behind the sale was organized concerns, attracting profits, and broader economic uncertainty, leaving the market at a decisive turning point.
Bitcoin faces a test of $ 80,000 – does the bull end?
Bitcoin swings on the brink of collapse, trading $ 81,921, a decrease of 1.5 % last day. After failing to keep the momentum above 91,252 dollars, the main cryptocurrency is now dangerous from decisive support at $ 80,000. A lounge below this level can open the flood gates to correct deeper.
- Resistance levels: 91,252 dollars, 100,114 dollars – restoring these levels will govern the upward morale.
- Support levels: $ 80,000, 73,746 dollars – failure to keep BTC to a free fall.
- Market expectations: short -term, as traders look forward to the macroeconomic signs of guidance.
Ethereum struggles less than $ 2000 – will buyers enter?
Ethereum may reach $ 1892, which represents a 2.7 % decrease in the past 24 hours. The second largest encrypted currency is seriously close to the collapse of less than $ 1756, which may lead to a series of stoppage orders, which prompted the eth to less.
- Resistance levels: $ 2,150, $ 2,315 – bulls need to restore these areas to change momentum.
- Support levels: $ 1,756, $ 1,600 – this loss may accelerate the pressure pressure.
- Market expectations: Clearly, unless ETH rises above the main resistance levels.
Solana connects to $ 124 – collapse or collapse?
Solana was pressure, being traded at $ 124.06, a 0.7 % decrease in the last 24 hours and 4.1 % during the past week. The intelligent contract giant faces great pressure for sale, as buyers struggle to defend the main support levels. If Sol fails to keep it, the next negative goal is waving at $ 112.
- Resistance levels: $ 139, $ 151 – The penetration above can indicate a relief gathering.
- Support levels: $ 112, $ 100 – the break below may lead to sharp losses.
- Market expectations: a weak decline, with high fluctuations in the coming days.
The future look at the encryption market – what next?
If Bitcoin is able to recover 91,000 dollars, it may lead to a wave of relief purchase and raise the broader market. However, the constant weakness in the current levels increases the risk of more severe correction in all fields.
The market is at the point of collapse. If the main support levels fail, we can see a widespread decline. On the other hand, if buyers intervene strongly, we may see a strong gathering of recovery. Expect the fluctuation will remain high with uncertainty controlling the market.
